Lucid Group shares are trending Tuesday after reporting Q2 production and delivery results and a leadership overhaul last week.
Lucid stock is trading at depressed levels. Where is LCID stock headed?
Q2 Production and Deliveries
Lucid produced 4,774 vehicles and delivered 3,953 during the quarter ended June 30. Q2 earnings will be reported on August 4.
Leadership Overhaul
CEO Silvio Napoli announced a broad executive shakeup designed to halve the number of direct reports to the CEO and simplify the organizational structure. Key appointments include:
Lucid shares decline despite reporting higher Q2 production and deliveries, as investors focused on the company's CFO change.
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